Dixie Group awards performance-vesting options to executives; strike $1.00, target $3.00

DIXIE GROUP INC

Options granted May 25, 2023, under Omnibus Equity Incentive Plan; 5-year term, strike price $1.00.
Vesting requires 2-year holding period and stock reaching $3.00 for 5 consecutive trading days.
Fair market value on grant date was $0.90 per share; strike is 10% above FMV.
Grants to certain key employees and executive officers; specific recipients and share counts not disclosed.

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